Pay only 2% and yet get MORE
If your are like me, always put-off by the high sales charges when come to investing in unit trust, you might want to take a look at Fundsupermarket.com, a new online unit trust investing portal.
Given the current financial market turmoil, You might called it a wrong timing, but the launching of Fundsupermarket Malaysia by iFast Capital could be a long term winner for unit trust investors. Fundsupermarket not only charge a lower front-end sales of 2% (vs conventional agent fees 5-7%), but it also gives investors a great freedom to DIY their investment portfolio directly. More importantly, it provides access to analyst reports and updates - a good news to savvy and keen investors
Currently there are close to 70 funds available (Alliance, Prudential, OSK-UOB, RHB, etc)
The website is easy to navigate and to educate potential investors about online investing, it places a lot of emphasize on FAQs (since the internet is still relative new in Malaysia), and step-by-step registration.
Some of the features I find it useful and interesting are:
- FAQs. All together 13 different categories covering from “Getting started” to “Trouble shooting”
- Fund Selector. By selecting some parameters, you can streamlined the funds that suite your needs and it complete with detail pricing and historical performance information
- Planning Calculator. Here you will find a full array of planning and fund returns gadgets. It could be fun.
More funds will be made available to Fundsupermarket.com eventually, though some are taking a wait-and-see stance. However, some plan to set-up their very own online platform and this includes Public Mutual Bhd. And very soon, Fundsupermarket will comes face to face with Tune Money, another low cost online fund portal, which is expected to be launched within the next few months.
Now, everyone can has a low investment cost.